How the Binance Referral Program Works
The Binance referral program allows existing users to invite new users. Both parties benefit:
- New user: Gets a trading fee discount (up to 20%)
- Referrer: Earns a commission on the new user’s trading fees
Commission Structure
| Referrer BNB Holdings | Referrer Commission | Invitee Discount |
|---|---|---|
| < 500 BNB | 20% | Up to 20% |
| ≥ 500 BNB | 40% | Up to 20% |
The total referral rate (referrer + invitee) can be split differently, but the maximum invitee discount is 20%.
How to Share Your Referral Code
- Log into Binance
- Go to Referral in the menu
- Copy your referral link or code
- Share with friends, family, or audience
Referral vs Affiliate Program
| Feature | Referral | Affiliate |
|---|---|---|
| Application | Automatic | Must apply |
| Commission | Up to 40% | Up to 50% |
| Requirements | None | Content/audience needed |
| Tracking | Basic | Advanced dashboard |
Tips for Maximizing Referral Earnings
- Focus on attracting futures traders (they generate 30-100x more fees)
- Create educational content about fee savings
- Share on crypto communities and forums
- Provide genuine value — explain the discount benefit
2 min read
Referral safety check
Know what a referral link actually provides
Be cautious with referral codes or links that do not clearly identify their provider and benefit. SmallDrift’s official RATE20 link provides a 20% trading-fee discount, and Binance’s signup page transparently displays SmallDrift, RATE20, the discount, and the referral benefit before account creation.
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